House and Senate advance defined contribution pension bills

House and Senate advance defined contribution pension bills

Though different in substance, both the House and Senate were active Tuesday in moving bills designed to dramatically reform Pennsylvania’s state-run public employee pension systems.

Furthest along in the process is Senate Bill 1, the Senate Republican caucus’s pension reform plan that would move new employees to a 401(k)-like pension plan and alter the future benefits of current employees by requiring a higher employee contribution or rolling their defined benefit plan structure back to that of pre-Act 9-levels.

After making its way through the Senate Finance Committee yesterday, the legislation was considered Tuesday morning by the Public Employee Retirement Commission.

There, an actuarial note to the legislation was approved that showed the bill could save anywhere between $8 billion and $18 billion depending on which analysis is used.

Tuesday, May 12, 2015/Author: Jason Gottesman
Categories: News and Views
VIDEO: "It's not just illegal, it's unconstitutional," Sen. Hughes on SB 1

VIDEO: "It's not just illegal, it's unconstitutional," Sen. Hughes on SB 1

During today's Senate Appropriations Committee hearing on SB 1, a state pension reform proposal, Senate Minority Leader Vince Hughes expresses the views of his caucus on the legislation. 

Tuesday, May 12, 2015/Author: Alanna Koll
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VIDEO: Kampf discusses pension reform proposal

VIDEO: Kampf discusses pension reform proposal

After today's House State Government Committee hearing on HB 727- legislation to reform Pennsylvania's two large public pension systems, The PLS Reporter caught up with the prime sponsor, Rep. Warren Kampf (R-Chester) to discuss the proposal. 

Tuesday, May 12, 2015/Author: Alanna Koll
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Capitol Quick Hits for 5.11.15

Capitol Quick Hits for 5.11.15

Here are the highlights from news conferences, rallies, and advocacy days held in the Capitol today: 

  • Members of the legislature’s Women’s Health Caucus today unveiled their “Pennsylvania Agenda for Women’s Health,” – a package of legislation aimed at protecting women’s rights. The bills include establishing family-friendly working conditions, economic fairness, ensuring healthy lives, and protecting victims of domestic violence.
  • Cyclists, state officials, and representatives from five state agencies kicked Bike to Work Week today with an executive ride around Harrisburg. “We want to showcase that biking can be a healthy way to improve your lifestyle and in some cases can be a commuting option,” said Scott Christie, deputy secretary for Highway Administration in PennDOT.
  • Rep. Stephen Bloom (R-Cumberland) and Rep. Tom Murt (R-Montogomery) held a press conference to unveil their proposal to empower families to work their way off human services benefits. This proposal is in response to the findings by the House Majority Policy Committee’s Gateway’s Out of Poverty Initiative.
  • Hundreds of students filled the Capitol Rotunda this morning to rally in support for brick and mortar charter schools. Tim Eller, Executive Director of the Keystone Alliance for Public Charter Schools, emphasized that brick and mortar charter schools serve as a high quality alternative to traditional public schools. “Across the state 92,000 students are enrolled in 160 brick and mortar charter schools. Our parents are focused on their child’s education and they are fed up with a lack of access to a high quality education and they demand a public school that will meet their child’s needs and focus on their child’s academic success. “

Monday, May 11, 2015/Author: Alanna Koll
Categories: Event Central
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Four Wolf nominees confirmed

Four of Gov. Tom Wolf’s department head nominations were unanimously confirmed by the Senate Monday.

Making their way across the finish line were Secretary of Transportation Leslie Richards, Secretary of General Services Curtis Topper, Secretary of Economic and Community Development Dennis Davin, and Adjutant General James Josephs.

Monday, May 11, 2015/Author: Jason Gottesman
Categories: News and Views
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